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What is Purchase-Sale Commitment Contract about?

This document is a preparatory contract of sale between Wilber Quispe Ticona as the promising seller and Mauro Jose Murillo Avendaño as the promising buyer. The object of the sale is a piece of land measuring 3,168 square meters that will be transferred for $1,851,500, of which $15,000 will be paid in advance and the balance upon signing the public deed. The contract establishes the obligations of both parties and will have an initial validity of 120 days.

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